Auburn Memorial Hospital continues to post strong monthly financial reports as it works to re-emerge from Chapter 11 bankruptcy protection.

The hospital announced Wednesday that it gained $300,000 from operations during May, a figure that met budget targets and that was well above the $74,000 operational profit posted during the same month of 2007.

For the year-to-date results through May 2008, AMH has posted a $1.5 million gain, compared with $500,000 in gains at the same point a year earlier.

The year-to-date figures are also $400,000 ahead of the hospital's budget.

The consecutive years of financial gains follow a period of significant financial losses and mounting debt that had forced AMH into bankruptcy in April 2007.

Earlier this year, the hospital reached an agreement with key creditors in the bankruptcy case that should clear the way for it to emerge from bankruptcy this summer.